About PlussApp
PlussApp is a company based in Gurugram (India) founded in 2013 was acquired by Netmeds in November 2016.. PlussApp has raised $1.33 million across 4 funding rounds from investors including Netmeds, Kunal Bahl and Rohit Bansal. The company has 1 employees as of April 09, 2024. PlussApp operates in a competitive market with competitors including Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
- Headquarter Gurugram, India
- Employees 1 as on 09 Apr, 2024
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Alpinismo Online Ventures Private Limited
- Date of Incorporation 20 Dec, 2013
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$35.87 K (USD)402.71as on Mar 31, 2015
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Net Profit
$-98.4 K (USD)-2341.21as on Mar 31, 2015
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EBITDA
$-99.12 K (USD)-1812.49as on Mar 31, 2015
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Total Equity Funding
$1.33 M (USD)
in 4 rounds
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Latest Funding Round
$74.87 K (USD), Angel Round
Oct 01, 2016
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Investors
Netmeds
& 29 more
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Employee Count
1
as on Apr 09, 2024
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Acquired by
Netmeds
(Nov 24, 2016)
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Funding Insights of PlussApp
PlussApp has successfully raised a total of $1.33M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $74.87 thousand completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $74,873
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First Round
First Round
(01 Sep 2014)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Angel Round - PlussApp | Valuation | Kunal Bahl | |
| Nov, 2015 | Amount | Seed - PlussApp | Valuation | IDG Ventures | |
| Dec, 2014 | Amount | Seed - PlussApp | Valuation | Powerhouse Ventures , TA Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PlussApp
PlussApp has secured backing from 30 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Netmeds, Kunal Bahl and Rohit Bansal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Tech focused Venture Capital firm investing globally
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PlussApp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PlussApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plussapp Comparisons
Competitors of PlussApp
PlussApp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online pharmacy with doctor listing and teleconsultation services
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| domain | founded_year | HQ Location |
Provider of an online store for medicines and healthcare products
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plussapp
Frequently Asked Questions about PlussApp
When was PlussApp founded?
PlussApp was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is PlussApp located?
PlussApp is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is PlussApp a funded company?
PlussApp is a funded company, having raised a total of $1.33M across 4 funding rounds to date. The company's 1st funding round was a Seed of $213.73K, raised on Sep 01, 2014.
How many employees does PlussApp have?
As of Apr 09, 2024, the latest employee count at PlussApp is 1.
What is the annual revenue of PlussApp?
Annual revenue of PlussApp is $35.87K as on Mar 31, 2015.
What does PlussApp do?
Pluss was founded in 2013 as a mobile platform in the healthcare sector, focusing on hyperlocal delivery of OTC medicines, personal care, pet care, baby care, and daily essentials from trusted pharmacies. Operations are centered in Gurugram, India, with services available in Delhi, Gurgaon, Noida, and Hyderabad. A partnership with Patanjali Ayurved was established in 2016 for product sales. Investors include Snapdeal co-founders and others from the prior venture Gigstart.
Who are the top competitors of PlussApp?
PlussApp's top competitors include Tata 1mg, SastaSundar and PharmEasy.
Who are PlussApp's investors?
PlussApp has 30 investors. Key investors include Netmeds, Kunal Bahl, Rohit Bansal, Rajesh Sawhney, and Swati Bhargav.
What is PlussApp's valuation?
The valuation of PlussApp is $1.79M as of Oct 2016.